Green Automotive Organizes First Open Day for Newport Coachworks
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Green Automotive Company (www.thegreenautomotivecompany.com) (OTCQB:GACR) is organizing its first Open Day on the 4th of May to present its new manufacturing facility in Riverside, California, and to view the first buses to roll off the production line. The GAC management team will all be there, and available to discuss aspects of the groups achievements and future plans.
Over the past 9 months Green Automotive has made significant changes to its company in order to become a competitive player in automotive niche markets. Its acquisition of Liberty Electric Cars and its unique technical expertise in EV technology had been followed by the acquisition of Newport Coachworks, the Californian based shuttle bus and limo manufacturer, and GoinGreen, the largest single distributor of EVs in Europe.
The Newport Coachworks team has been working hard to build its first "all American" shuttle buses in its new state-of-the-art production facility in Riverside, California. The company is now starting to deliver the first buses to its major customer, Don Brown, who has placed several orders that are expected to fill the plant's current capacity for the next 2 years. To meet this demand, GAC has invested heavily in the most technically advanced machinery such as a 5 axis CNC machine and a full length spray booth and oven for painting even the longest buses. Furthermore the company has embarked on the development of its first "All American" electric shuttle bus in cooperation with its specialist EV division Liberty Electric Cars.
These successful developments have prompted Green Automotive to invite all its stakeholders to view the facility in Riverside and to share with them the latest achievements. Commenting on the day, Ian Hobday, Director GAC, said, "The day is open to our Customers, the Press, VIPs from region, Suppliers and of course our Shareholders and Investors. Thanks to our Californian team, we have made tremendous progress in the past months and we would like to share this outstanding result with all of our stakeholders."
Those interested in joining us on the 4th of May can confirm their participation to the Open Day on GACR's website www.thegreenautomotivecompany.com.
About Green Automotive Company
Green Automotive Company is a state-of-the-art niche vehicle design, engineering, manufacturing, and sales company, driving innovation in the use of cutting edge zero and low emission technologies. Green Automotive Company possesses a unique portfolio of synergistic and innovative businesses that are active in 3 main market segments: Advanced vehicle technology development, engineering & design with a focus on zero and low emission solutions; Manufacturing and customization of vehicles for niche markets with the potential to be converted into low emission or electric vehicles and Distribution of sustainable transport solutions including a comprehensive after sales support program maximizing the life time value of all vehicles. Our 3 main divisions servicing these 3 segments are Liberty Electric Cars Ltd, Newport Coachworks Inc and GoinGreen Ltd. Green Automotive Company shares are traded on the OTCQB under the symbol "GACR". For further info, visit www.thegreenautomotivecompany.com.
Safe Harbor Statement - This release includes forward-looking statements. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including the "risk factors" listed in the company's public filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company incorporates by reference its disclosure and financial statements posted on www.otcmarkets.com and filed with the Commission, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
KEYWORDS: United States North America California
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